Money exchange falling like a rock!

Danatnorth


Joined: 25/04/2009
Posts: 105

Message Posted:
15/04/2010 14:47

Ive been keeping an eye on the old exchange rates since about November last year (1 pound gets 2.52 lira) I know its a bit sad but it seems to be the first thing i do after booking flights to keep my morale up before my holiday!! And obviously http://www.nigelheasman.com/wview/img/Current_Plus.htm for the weather!!

Anyway ive been waiting to change £100 pounds to take with me but they are now only offering 2.28 to the pound with a steady dropping trend literally from when i started watching!!!

Should i just bite the bullet and take the loss or wait till it possibly rises again?

Ive only got a month to decide!!!

Any advice welcome ;)

Dan

jakki



Joined: 23/10/2007
Posts: 865

Message Posted:
15/04/2010 14:51

Take sterling with you and change it up as you go - anyhow - all shops, stores, restaurants and bars will take your sterling and do an instant exchange in any event.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
15/04/2010 14:58

Dan

Just do not worry, bring your £100 pounds out with you and change it here. You will get a better exchange rate.

AJ

parky


Joined: 13/06/2009
Posts: 182

Message Posted:
15/04/2010 15:01

The pound is weak against all currencies not just the lira, don't change it in England, wait til you get here, maybe by then you will get 2.35.

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
15/04/2010 15:10

Dan



If you are only changing £100 it won't make an awful lot of difference. Changing your money here in TRNC you will get somewhere around 2.35TL to the pound (235TL) rather than 2.28 (228TL) in UK. The 7TL difference should be enough to buy you 2 beers !!



Enjoy your holiday.



Paul

susiesusie


Joined: 09/03/2009
Posts: 337

Message Posted:
15/04/2010 15:18

where did you get 2.35... just changed some cash and got a pitiful 2.27 . all in town as of 5 mins ago range between 2.25 and 2.27

batgirl


Joined: 04/02/2009
Posts: 676

Message Posted:
15/04/2010 15:29

Tell us where you can get 2.35 as it was 2.265 as exchange today

fiendishpaul


Joined: 18/05/2008
Posts: 1720

Message Posted:
15/04/2010 17:19

Sorry, I didn't mean to infer that current exchange rate is 2.35 but was using it to demonstrate that if you are only changing £100, the difference between 2.28 and 2.35 is very small.



Paul

laptagal


Joined: 28/05/2008
Posts: 549

Message Posted:
15/04/2010 18:28

I seem to remember that someone on the forum posted a link to a graph to show how the exchange rate habitually rises and falls according to the month of the year. Can't seem to find it now but I think it showed that the rate usually goes up in the summer months (migh be mistaken, though) ;-)

Tootie


Joined: 28/08/2008
Posts: 2037

Message Posted:
15/04/2010 18:38

http://www.exchange-rates.org/history/TRY/GBP/G

malsancak


Joined: 23/08/2009
Posts: 2874

Message Posted:
15/04/2010 18:41

Wait for the UK elections to be over and for there not to be a hung parliament and the rate might be better.

Danatnorth


Joined: 25/04/2009
Posts: 105

Message Posted:
15/04/2010 20:05

Thanks for all your replies but all i mean is if the rate has changed so much will i seriously notice the difference in prices? eg say i changed 1000 (just for round number purposes) in November i would have got 2520 but now i only get 2280 lira! thats a 240 drop or in simple terms like for like my money is going to cost me 100 pounds more for the same amount as last year. Have the prices over there risen at all from last year?

Sorry if i sound like im winging but everyone was telling me the pound was starting to get stronger but now ive noticed otherwise! Im really starting to hate the uk especially when it effects my holidays!! lol

Dan.

zerochlor


Joined: 03/04/2009
Posts: 4024

Message Posted:
16/04/2010 13:04

watch the exchange rate here. always between the 1st and 7th of the month the rate is better.



There is a reason behind that.